Stats are not in your favor but forget the stats as it all depends on the individual's drive, effort and processes. 

Purchase price: $150,000 In the process of buying 1.21 acres in Isabela, Puerto Rico.

It's a decent tool, but as Greg mentioned, I'd definitely plan for a worst case scenario and make sure it cash flows at the highest interest rate juuuust in case. 

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling. 

Purchase price: $150,000 In the process of buying 1.21 acres in Isabela, Puerto Rico.

His agreements to produce websites, venture plans, private placement memorandums, white papers and coaching give him zero liability or responsibility to honor his commitments.

What adds complexity to our plan, is that we live in Minnesota.

If you are not familiar with the eviction process I would start researching it for your area or speak with an attorney.

Remember this is a marathon......That said are you planning to flip, hold(short or long term?)

You have to be willing to not give up when things get difficult, or don't go as planned.  2.This journey is worth it.